Steemit Crypto Academy Season 5 Beginners' course - Task 8: Decentralized Applications (dApps)

Hello Dear Steemians,
i feel proud to being part of this amazing community i learn and earn together. i have share my experience about Decentralized Application because I now know what it is all about and how to promote it.

Questions
What are dApps?
Explain the working system of dApps?
What are the differences between dApps and other applications?
Explain the advantages and disadvantages of dApps?
How can dApps developers promote their apps?
What should we pay attention to when using dApps?
How do we find the information of a DApp that we want to know? Provide the steps (Screenshot required).

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What are dApps?

dApps which means Decentralized Application has to do with application that are decentralized, this program that runs on block-chain technology.

Decentralized Applications not operate by any single person or any central authority, dApps work on decentralized network with smart contracts.
dApps have access with private keys or Emails they ensure confidentiality and transparency, they do not use any form of intermediary.

dApps also operate using P2P open source networks. its sure with old and new data update no one can hack. In block chain several types of DApps are available like.

S.No	dApps	S.No	dApps
1	Uni-swap	4	CryptoPunks
2	SushiSwap	5	PancakeSwap
3	JustSwap	6	Trontrade

These dApps run on different type of platform Like.
Trustwallet, Binance, Metamask.

Explain the working system of dApps?

The first thing that we should know about dApps working style, main thing they use good contracts, it's good contract programs that make them secure and transparent.
dApps have good contract and also uses a P2P network, also they have no Partnership of any other third party that make it unique and secure with availability of all kind of transaction record. dApp takes minimal fees for fast transactions

What are the differences between dApps and other applications?

We use many types of Apps in our mobile, all are App that we use for learning, social media promotions, or our daily works. centralized and decentralized apps help us save our time and connect with the world wide in just few second with high security.
There are many types of DAPPS and APPS available in markets .

Decentralized Apps	Other Apps
dApps run without any central permission	App depend on Central system with third party enterfare.
dApps run on Blockchains so No one can hack.	Apps are less secured, it can be hacked easily.
dApps depends on cryptography	Apps do not depends on cryptography
dApps transaction are being charged is very low.	Apps transaction are being charged is higher.
working on dApps user should know good knowledge about Block-chain	No need to learn how Apps works.
dApps the level of security is very strong any user could trust his transactions are in recorded and funds are safe.	In Other apps have no strong security transactions can be stuck because of his low quality security reasons.

Explain the advantages and disadvantages of dApps?

1:- dApps Advantages

• High security dApps run in high security protocol.
• Availability Anyone could sale and buy to woldwide
• P2P Network Support it works on peer-to-peer system ensures the grit distributed homogeneously
• Third Parties dApp does not support third party enterfare
• High Speed dApp do high speed transactions with low fees .

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2:- dApps Disadvantages

• Verification dApps KYC is not easy in pakistan because we have URDU language documents. thats take too time or some time they do not verified.
• Stable Value dApps are not stable because they built on block-chain technology which involves many complex networks that changes its values.
• Account Lost if any user forget / Lost his / her Password he can not get back
• Not like Pro some dApp feel us irritate because of his bad or complicated interface.

How can dApps developers promote their apps?

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dApps Promoted by APPS
There are many ways through which dApp developers will promote their dApps, easiest and cheap way is that they pay social media influencers to share them, who are verified personalities they could be film-start, Players, You-tubers, Instagram verified badge holder, big Telegram group admin, etc.

Most of those media platforms allow individuals to advertise their goods and services in adds or gig style.
These social media platforms provide a huge organic audience and visibility for any product.

dApps can be promoted through the dApps website https://dappradar.com there user can see dapp activities user and dapp trading volume.

dApp start AIRDROP Campaign then they bring more new users

And other thing is a now on trading any dApp who want to come in TOP they owner divided his Coins / Token to a famous personality then they start a campaign with his millions of Followers.

What should we pay attention to when using dApps?

A lot of things that I think users should pay attention to after deploying a dApp Like .

• Security :- first and most important thing is Security is this dapp have audit report and how many networks trust on this.
• Its Behavior :- we should check dApp behavior must be friendly if you stake here so we are getting good in rewards.
• Developers Information :- Its very necessary before your joining developers have good image in Crypto market. they already done a successful project or not .
• Easy to Understand :- dApps details and whitepaper activities are real or just temporary.

How do we find the information of a DApp that we want to know? Provide the steps (Screenshot required)

• STEP 1:-
  For getting information we need to visit https://dappradar.com

• STEP 2 :-
  click on the menu button located with dappradar on top of web-page . This button displayed which will be rankings, Defi, NFTs, portfolio options its mean this button have full control of this web.

• STEP 3 :-
  After that, I will click on ranking after I click ranking a list display in which I saw Pancake Swap and I proceed by clicking on it since I prefer using it let me share about this Defi.

• STEP 4 :-

After clicking on Pancakeswap , features will display, this defi base is BSC here you see more about this Defi that it is rank #1 in general, # 1 in Defi #1 In BSC

Final Talk about this Defi

PanCakeSwap	characteristics
Token Name	CAKE
Token Price	$18.89
TVL	$11.28B (-1.75%)
MARKETCAP	$9.81B (-3.67%)
CAP/TVL	0.869

#club5050

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